OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday March 16th is Bank of Nova Scotia (BNS). BNS is part of the Financial Sector (XLF). Over the last month, XLI has experienced a 9.37% move higher and it’s 1m trends turned bullish on 3/02 and just broke above its $21.50 resistance level.

Bank of Nova Scotia’s 1m and 6m trends turned bullish on 3/03 and recently broke above its $42 resistance level on high volume. With a technical score of 8 (out of 10), BNS looks positioned to continue this strong bullish trend higher.

View this Trade on $BNS